Wake Up Wall Street: Dow Jones on Track for First Monthly Loss Since November
This is what you need to know before the bell:
1. The Dow Jones Industrial Average posted modest gains on Thursday as financial stocks staged a slight rebound. The index has risen almost 5% in the quarter but remains on track for its first monthly loss since before the U.S. presidential election in November.
2. Verizon Communications (VZ) has been securing streaming rights from television network owners in preparation for the nationwide launch of a live online TV service, Bloomberg reported, citing people familiar with the matter.
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3. Palmer Luckey, the co-founder of Oculus, the virtual reality startup bought by Facebook (FB) about three years ago, is leaving the social network company. It was unclear whether Luckey is leaving voluntarily, with a spokesperson declining to specify
4. Sales at Chinese technology group Huawei rose almost one-third during 2016 while net profit rose just 0.4%, the smallest gain in five years, as a new focus on smartphone sales and preparations for the roll out of 5G networks left it with narrower margins.
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